Latest / Systemic Error Podcast
'Disappointed': Fox Business crew frets as Trump hit with poor economic numbers
Weak Jobs, Strong Spin, and the Politics of DenialThe Numbers Were BadFox Business had a problem on Thursday: the labor market data did not cooperate with the fantasy. The headline number came in at 50,000 nonfarm jobs, far below the 110,000 Wall Street expected, while earlier payroll gains were revised down by more than 70,000. The household survey showed roughly half a million fewer Americans working. That is the context. Everything else is damage control.Who Owns the StoryThe actual institutional power here sits with the people who set economic policy, sell it, and then try to manage the…
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